2019-02-14

RCL - trading statement


Shareholders are advised that RCL FOODS" headline earnings per share ("HEPS") for the six months ended December 2018 ("current period") is expected to be between 53.0 cents (-28.9%) and 57.0 cents (-23.5%) when compared to the reported HEPS of 74.5 cents for the six months ended December 2017 ("corresponding period").

Earnings per share ("EPS") for the current period is expected to be between 65.0 cents (-15.3%) and 69.0 cents (-10.0%) when compared to the reported EPS of 76.7 cents for the corresponding period. EPS for the current period includes a profit from farm sales and is therefore expected to be higher than HEPS.

The earnings decline was largely attributable to the difficult trading conditions experienced in the Sugar and Chicken business units over the past six months.

The Sugar business unit"s result is expected to be significantly down on the corresponding period, as dumped imports and lower domestic demand resulted in a higher proportion of export volumes at depressed international prices.

The Chicken business unit"s result is also expected to be down on the corresponding period. The decline is largely a result of continued high levels of imports driving retail prices lower, the lingering impact of the Listeriosis crisis on the Rainbow brand and rising feed input costs. Chicken"s result includes a profit from dormant farm sales of R105.0 million following the decision to downsize the KZN operations.

Pleasingly the Group"s Grocery brands continue to perform strongly.

The Group"s financial results for the current period are expected to be released on SENS on 4 March 2019.

The financial information on which this trading statement is based has not been reviewed and reported on by the Group"s external auditors.

2018-12-21

RCL FOODS LIMITED - Dealings in securities by directors


RCL 201812210036A
Dealings in securities by directors

RCL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/004972/06)
ISIN: ZAE000179438
Share Code: RCL

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

Conditional shares vested and accepted in terms of the RCL Foods Limited
Conditional Share Plan and subsequent disposal of vested shares:

Director : M Dally
Company : RCL Foods Limited
Date of transaction : 14 December 2018
Nature of transaction : Off market vesting and acceptance of
conditional shares
Class of securities : Ordinary shares
Number of conditional shares : 432,711
Value per share* : R16.82
Total value of transaction : R7,278,199.02
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 21 December 2018
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 432,711
Selling price per share : R14.8949
Total value of transaction : R6,445,187.07
Nature of interest : Direct beneficial
Clearance obtained : Yes

Director : R H Field
Company : RCL Foods Limited
Date of transaction : 14 December 2018
Nature of transaction : Off market vesting and acceptance of
conditional shares
Class of securities : Ordinary shares
Number of conditional shares : 324,533
Value per share* : R16.82
Total value of transaction : R5,458,645.06
Nature of interest : Direct beneficial
Clearance obtained : Yes

Date of transaction : 21 December 2018
Nature of transaction : Off market sale of securities
Class of securities : Ordinary shares
Number of securities : 150,000
Selling price per share : R14.8949
Total value of transaction : R2,234,235.00
Nature of interest : Direct beneficial
Clearance obtained : Yes

* 5 Day VWAP as at listing application date being 7 December 2018.


Durban
21 December 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 21/12/2018 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ("JSE").
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

2018-11-21

RCL - change to the board


Shareholders were advised that Dr Penny Moumakwa has been appointed as a non-executive director of the Company, with effect from 1 January 2019.

2018-11-20

RCL - report on proceedings at AGM


At the 52nd (fifty second) annual general meeting ("AGM") of the shareholders of RCL FOODS held on Tuesday, 20 November 2018, all the ordinary and special resolutions proposed at the meeting were approved by the requisite majority of votes.